A comprehensive introduction to economics that explains economic principles with real-world examples from history in clear, jargon-free language; and also covers child labor laws, the national debt, working conditions of the Third World, the gold standard, "exploitation" theories, and other related topics.

Includes bibliographical references (p. 569-613) and index.

What is economics? -- pt. I. Prices and markets. The role of prices ; Price controls ; An overview -- pt. II. Industry and commerce. The rise and fall of businesses ; The role of profits--and losses ; Big business and government ; An overview -- pt. III. Work and pay. Productivity and pay ; Controlled labor markets ; An overview -- pt. IV. Time and risk. Investment and speculation ; Risks and insurance ; An overview -- pt. V. The national economy. National output ; Money and the banking system ; Government functions; Government finance; An overview -- pt. VI. The international economy. International trade ; International transfers of wealth ; An overview -- pt. VII. Special economic issues. Myths about markets; "Non-economic" values ; Parting thoughts.

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